MajorsJun 13, 2023
Tiffany & Co. Adds New Ambassador to Celebrity RosterPolicies & IssuesJun 29, 2023
Tiffany & Co. Gets Approval for Net-Zero Emissions Target
The Science Based Targets initiative confirmed the jeweler’s goal is in line with the latest climate science.
A look inside Tiffany & Co.’s renovated New York City flagship, also known as “The Landmark.” The jeweler recently received approval from the Science Based Targets initiative on its net-zero emissions target.
New York—Tiffany & Co. has received approval from the Science Based Targets initiative (SBTi) on its net-zero emissions target.
The SBTi guides the private sector on the best practices for setting emission reduction targets that are in line with the latest climate science.
The group is a partnership between CDP, the United Nations Global Compact, the World Resources Institute, and the World Wide Fund for Nature.
“This validation confirms that the targets Tiffany & Co. has set to reach net-zero emissions by 2040 are based on the latest climate science and meet the urgent need to keep warming to 1.5°C in line with the Paris Agreement,” said Tiffany.
The jeweler also received approval from SBTi on its 2030 near-term greenhouse gas reduction target.
By 2030, Tiffany pledged to reduce Scope 1 and 2 emissions, which are related to its own operations, by 70 percent compared with a 2019 baseline.
It plans to reduce Scope 3 emissions, which are related to its supply chain, by 40 percent by 2030 compared with the 2019 baseline.
Tiffany said it’s on track to meet both targets, having already reached 33 percent reductions in all three scopes last year.
The near-term target will mark a “significant milestone” toward its net-zero target, which includes a 90 percent reduction in emissions in all scopes by 2040.
“The remaining 10 percent of emissions is planned to be neutralized by high-quality carbon removals through Tiffany & Co.’s expanded investments in nature-based solutions,” said the company.
Related stories will be right here …
The SBTi guides the private sector on the best practices for setting emission reduction targets that are in line with the latest climate science.
The group is a partnership between CDP, the United Nations Global Compact, the World Resources Institute, and the World Wide Fund for Nature.
“This validation confirms that the targets Tiffany & Co. has set to reach net-zero emissions by 2040 are based on the latest climate science and meet the urgent need to keep warming to 1.5°C in line with the Paris Agreement,” said Tiffany.
The jeweler also received approval from SBTi on its 2030 near-term greenhouse gas reduction target.
By 2030, Tiffany pledged to reduce Scope 1 and 2 emissions, which are related to its own operations, by 70 percent compared with a 2019 baseline.
It plans to reduce Scope 3 emissions, which are related to its supply chain, by 40 percent by 2030 compared with the 2019 baseline.
Tiffany said it’s on track to meet both targets, having already reached 33 percent reductions in all three scopes last year.
The near-term target will mark a “significant milestone” toward its net-zero target, which includes a 90 percent reduction in emissions in all scopes by 2040.
“The remaining 10 percent of emissions is planned to be neutralized by high-quality carbon removals through Tiffany & Co.’s expanded investments in nature-based solutions,” said the company.
To reach its goals, it will require “the engagement and decarbonization of [the] entire value chain.”
Last year, the jeweler worked internally across departments to map out how to reach its goal, delving into the sourcing of raw materials, the distribution and transportation of its products, and the partnerships with its suppliers and manufacturers.
The company said it’s in the process of rolling out a supplier engagement program so it can work with key suppliers on decarbonization. There are plans to launch pilot engagements by the end of the year.
The jeweler also looked at the construction and operation of its retail stores, including the new Landmark flagship in New York City.
For the revamped flagship, the company made “significant investment” in sustainability by incorporating environmental, health and well-being initiatives into the store’s redesign plans. The store is on track to achieve LEED Gold certification and WELL Platinum certification, which is a measure of how a space promotes health and well-being.
Within its portfolio, more than 35 retail stores, offices, and manufacturing sites have been LEED-certified.
Starting in 2006, Tiffany & Co. has installed on-site solar at five locations, including in the Dominican Republic, Cambodia, and Rhode Island, as well as in two office and distribution facilities in New Jersey.
This year, the solar power plans will expand to its diamond polishing facility in Botswana and its jewelry manufacturing site in Lexington, Kentucky.
Currently, 91 percent of its global electricity stems from clean, renewable sources, said the company, including on-site solar and renewable electricity credits in more than 25 countries of operation.
More on Policies & Issues
The Latest
SourcingMar 31, 2026
GIA VP Jillian Wolk to Take Over at Tracr Wolk’s first day on the job as CEO of Tracr, De Beers Group’s blockchain platform, will be May 1.
CollectionsMar 31, 2026
Buddha Mama, Ashley Longshore to Host Pop-Up in DallasThe Miami-based jewelry brand and the NYC-based artist will be in Dallas from April 9-11.
CollectionsMar 31, 2026
Mejuri Adds Silver to ‘Puzzle’ CollectionMejuri’s popular collection of 18-karat yellow gold vermeil rings debuted in sterling silver alongside new “Puzzle” slider charms.
Brought to you by
Protect Your Customers and Your BusinessYou deserve to know what you are selling–to protect your customers as well as your business and your reputation.
ColumnistsMar 31, 2026
Q1 Clues That Reveal Where Your Jewelry Store’s Sales Are Heading These customer behavior patterns say a lot about how successful your jewelry store is going to be this year, Emmanuel Raheb writes.
Weekly QuizMar 26, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
SourcingMar 31, 2026
NDC Designates April 8 as 'World Diamond Day'The initiative invites those in the industry to share stories on social media highlighting the meaning and impact of natural diamonds.
EditorsMar 30, 2026
Tom Moses Looks Back on His Decades at GIA Moses, who will leave the lab in May after nearly 50 years, discusses his start in the business, gemstones that stand out, and what’s next.
Brought to you by
Is This You? Every Jeweler Has This Problem; We Have the Solution.Every jeweler faces the same challenge: helping customers protect what they love. Here’s the solution designed for today’s jewelry business.
TrendsMar 30, 2026
Oscar Heyman Debuts First Spring CatalogThe new catalog, which showcases 35 one-of-a-kind pieces of jewelry, is a compliment to the company’s popular holiday catalog.
SourcingMar 30, 2026
Rio Tinto Hauls Last Load from DiavikProduction has ceased at the Canadian diamond mine, which has yielded more than 150 million carats of rough diamonds in its 23-year run.
MajorsMar 30, 2026
Tanishq Opens First New England LocationThe store opening marks the 10th United States location for the India-based jewelry retailer.
MajorsMar 27, 2026
Saks Global Has Changed Its Mind About Closing These 3 StoresTwo Saks Fifth Avenue locations, one in Florida and one in California, and one Neiman Marcus store are off the chopping block.
IndependentsMar 27, 2026
Jimmy West, Longtime LJG Executive Director, Dies at 72West, who started in the art department at the Leading Jewelers Guild in 1979, is remembered for his patience, kindness, and dedication.
CollectionsMar 27, 2026
Itä’s ‘Yarí Whirl’ Ring Tells Every Side of the StoryIn the “Tesoro” version of the ring, our Piece of the Week, each side of the gold hexagonal nugget has a unique colored gemstone design.
WatchesMar 26, 2026
Q&A: Citizen Watch America President Jeffrey Cohen on Eco-Drive’s 50th AnniversaryCohen discusses the evolution of Citizen’s light-powered technology, the brand’s cross-generational appeal, and tariffs.
IndependentsMar 26, 2026
Peter Smith Pens Book on Human Behavior in Sales“Essentially Human: On Sales and Salespeople" reveals the underlying human traits and behaviors of the most successful sales professionals.
CollectionsMar 26, 2026
Lionheart Celebrates 13 Years of ‘Cassandane’The collection features symbols of love, luck, and light, based on the story of Queen Cassandane and Cyrus the Great of Persia.
Events & AwardsMar 26, 2026
NAJA, Instappraise Introduce New ScholarshipIt’s the third scholarship to be launched as part of the partnership to help appraisers advance their professional credentials.
Events & AwardsMar 26, 2026
JA Still Accepting Entries for 2026 CASE AwardsThe deadline for entries in the jewelry design competition has been extended to April 3.
SourcingMar 25, 2026
Rob Bates Steps Down as JCK News Director After 28 years with JCK, the veteran industry journalist is launching his own publication on Substack called The Jewelry Wire.
GradingMar 25, 2026
New York’s Natural History Museum, Wiley To Build Minerals DatabaseWiley said the project will give scientists worldwide access to the American Museum of Natural’s History renowned mineral collection.
CollectionsMar 25, 2026
Boochier Turns Flower Friendship Bracelets Into Fine JewelryThe “Flower Puff” collection looks to beaded flower friendship bracelets from childhood, turning the silhouette into nostalgic fine jewelry.
IndependentsMar 24, 2026
Lisa Bayer, Illustrator and Beloved Member of the Muse Family, Dies at 64Bayer, founder of Lisa Bayer Designs, is remembered as “a bright light in every room.”
AuctionsMar 24, 2026
White Diamonds Shine In Christie's Jewels Online SaleThe highest-grossing lot was a Tiffany & Co. ring set with a flawless, emerald-cut diamond of 10 carats.
SourcingMar 24, 2026
AGTA Solidifies Tucson Dates For 2027-2029The next three editions of AGTA GemFair Tucson will feature a five-day show that includes Sunday.
WatchesMar 24, 2026
Christie’s Names New Senior Specialist, WatchesFormer Sotheby’s executive Tom Heap has taken on the London-based role.
CrimeMar 23, 2026
NYPD Looking for 3 Jewelry Store Robbery SuspectsThe group of women allegedly robbed two Catbird stores and one Gorjana location on the afternoon of March 9.
